Layoff
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Indeed CEO dumps 2200 employees, and later says that he is “heartbroken”
Technology | Mar 23, 2023, 03:06 PM ISTIn the official blog, Hyams wrote: "We anticipate we will be letting approximately 2,200 people go. This is roughly 15 per cent of our team. The specific decisions on who and where to cut were extremely difficult, but they were made with great care."
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Google employees ask Sundar Pichai for fair treatment during layoffs, demand five commitments
Apps | Mar 20, 2023, 08:00 PM ISTOver 1,400 Google employees have signed an open letter to CEO Sundar Pichai demanding better treatment during the company's recent round of layoffs, including a freeze on new hires and protection for workers on leave.
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'I’ve made the difficult decision'- Mark Zuckerberg to cut 10,000 jobs at Meta
Technology | Mar 15, 2023, 06:16 AM ISTThe development is part of a spree of layoff announcements by IT giants like- Microsoft, Google and Twitter. IT firms cut thousands of jobs in the last few months citing global slowdown post-Covid.
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63% of tech workers started their own firm post-layoff: Report
Technology | Mar 07, 2023, 12:48 PM ISTFor professional growth, creating something new, more money, difficulty getting hired, being their boss, leading others and others were the top reasons tech workers decided to start a company after being laid off.
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Beware of LinkedIn recruitment scam: Know how fraudsters are taking advantage
Technology | Feb 28, 2023, 05:14 PM ISTZscaler, a cyber security company recently described a scam which was noticed, which targeted job aspirants. The fraudsters have approached people through LinkedIn's direct messaging feature 'InMail'. Fraudsters are now using artificial intelligence (AI) to create fake profile photos.
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ChatGPT taking over human jobs, companies replacing human employees
Technology | Feb 27, 2023, 06:28 PM ISTCompanies are using ChatGPT to write codes, copywriting and content creation, customer support and prepare meeting summaries. About 77 per cent of firms using ChatGPT said they use it to help write job descriptions and 66 per cent said the AI chatbot is drafting interview solicitations.
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After being laid-off from Twitter, Esther Crawford expressed her emotions via Tweet
Technology | Feb 27, 2023, 10:25 AM ISTThis recent layoff impacted more than 50 employees, across different several departments. Martijn de Kuijper, who was the creator of the now-shuttered Revue newsletter platform which was acquired by Twitter in 2021, was also impacted by the firing spree of the company.
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Google lays off 12,000 workers and even 100 robots: Know-why?
Technology | Feb 25, 2023, 01:17 PM ISTThe robots have gained a greater grasp of the world slowly around them and will become more adept at executing ordinary activities, by using a combination of machine, by learning techniques like collaborative learning, learning from demonstration and reinforcement learning.
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Yahoo to fire 1,000 employees this week under cost-cutting campaign
Business | Feb 10, 2023, 02:03 PM ISTYahoo would lay off over 20% of staff in a major restructuring effort. Technology giant has announced job cuts in its advertising technology division, affecting nearly half of its ad tech employees.
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Infosys dismisses 600 freshers after they fail to pass internal assessment
Business | Feb 06, 2023, 03:32 PM ISTInfosys fired 600 newly-employed freshers after they failed an internal assessment. This occurs at a time when hundreds of new hires at Infosys are awaiting their joining dates despite receiving offer letters months earlier.
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Dell to lay off around 6,500 workers; 5% of its global workforce
Business | Feb 06, 2023, 02:14 PM ISTDell and other hardware manufacturers have noticed a drop in demand following a pandemic-era PC boom. According to preliminary statistics from industry researcher IDC, personal computer shipments declined dramatically in the fourth quarter of 2022.
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Pinterest laying off 150 workers, or less than 5% of its entire workforce: Know-why?
Technology | Feb 03, 2023, 06:06 PM ISTAccording to a Bloomberg News report, Pinterest is laying off 150 people, or less than 5% of its overall workforce. Pinterest is the latest in a long line of IT firms to lay off employees.
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Tinder and Hinge to lay off more than 2500 employees: Know-why?
Apps | Feb 03, 2023, 01:56 PM ISTTinder and Hinge dating apps are planning to lay off around 2,500 employees and 40 part-time employees, as the sales go down in the Match Group. Around 200 people are expected to be affected by the latest round of layoffs.
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Why did Spotify layoff 600 employees globally?
Technology | Jan 24, 2023, 09:58 AM ISTSpotify has said that they have around 9,800 full-time employees, out of which the organisation is planning to remove around 6 per cent workforce. The average employee will get a maximum of 5 months of severance that will be calculated based on local notice period requriements.
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Google to lay off 12,000 workers; CEO Sundar Pichai says 'sorry'
Business | Jan 20, 2023, 09:30 PM ISTGoogle's 12,000 jobs cut announcement came after Microsoft, Facebook and Amazon. They also retrenched staff en mass amid the global economic downturn.
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Swiggy lays off at least 380 employees as part of its 'restructuring exercise' amid slow growth
Business | Jan 20, 2023, 01:57 PM ISTSwiggy: The laid-off employees will get medical insurance coverage for themselves and nominated family members till May 31, 2023.
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After India, Amazon to layoff employees in THESE countries
Business | Jan 19, 2023, 03:20 PM ISTAmazon, as part of its plan to fire 18,000 workers, will eliminate a few positions in the United States, Canada, and Costa Rica.
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Microsoft likely to lay off thousands of employees today to cut around 5% of its workforce: Reports
Business | Jan 18, 2023, 08:58 AM ISTMicrosoft: The job cuts would be the latest in the US technology industry, where firms including Amazon.com Inc. and Meta Platforms Inc. have announced downsizing exercises in response to sluggish demand and a gloomy outlook for the global economy.
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ShareChat confirms layoffs, set to remove around 400 employees: All you need to know
Business | Jan 16, 2023, 02:22 PM ISTShareChat's spokesperson has also confirmed the layoff news and stated that the decision was taken to prepare the company for sustaining through these headwinds. Companies like Ola, Dunzo, Byjus, OYO and Blinkit have also announced the layoff in recent months because of the lack of funding.
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After Amazon, Meta mass layoffs, THIS telecom giant likely to fire hundreds of employees soon
Business | Jan 16, 2023, 01:18 PM ISTVodafone, the multinational telecommunications firm, is planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures amid ongoing macroeconomic conditions.